On July $1,2023,$ Goode Company borrowed $$200,000.$ The company signed a note payable with interest at $8$ percent per year. The note and interest are due on December $31,2023.$ On December $31,2023,$ Goode paid $$208,000$ to settle the debt in full. Assuming no accruals for interest have been made during the year, transaction analysis of the $$208,000$ cash payment on December $31,2023$ should reflect which of the following?

Multiple Choice

A decrease in liabilities of $$200,000,$ a decrease in stockholders' equity of $$8,000,$ and a decrease in assets of $$208,000.$

A decrease in assets of $$200,000,$ a decrease in stockholders' equity of $$8,000,$ and a decrease in liabilities of $$208,000.$

A decrease in stockholders' equity of $$200,000,$ a decrease in liabilities of $$8,000,$ and a decrease in assets of $$208,000.$

A decrease in assets of $$208,000$ and a decrease in liabilities of $$208,000.$